U.S. jobs and economic data helped prod gold and silver into a rebound Thursday,
with miners also enjoying broad gains.
Thursday, March 1, 2012
The Gold Price Rose $11.20 to $1,721.10 if you Don't Buy Silver or Gold you are Effectively Buying US Dollars or Euros or Yen
Gold Price Close Today : 1721.10 Change : 11.20 or 0.66% Silver Price Close
Today : 3561.10 Change : 102.8 cents or 2.97% Gold Silver Ratio Today : 48.331
Change : -1.113 or -2.25% Silver Gold Ratio Today : 0.02069 Change : 0.000466 or
2.30% Platinum Price Close Today : 1698.20 Change : 29.50 or 1.77% Palladium
Price Close Today : 713.10 Change : 9.00 or 1.28% S&P 500 : 1,374.09 Change :
8.41 or 0.62% Dow In GOLD$ : $155.30 Change : $ (0.66) or -0.42% Dow in GOLD oz
: 7.513 Change : -0.032 or -0.42% Dow in SILVER oz : 363.10 Change : -9.98 or
-2.67% Dow Industrial : 12,930.30 Change : 28.23 or 0.22% US Dollar Index :
78.79 Change : 0.051 or 0.06% All right, I know y'all are all curious about the
silver and GOLD PRICE . They bounced back today like a fine prizefighter. The
GOLD PRICE rose $11.20 to $1,721.10 and silver rose 3%, 102.8c, to 3561.1c,
after falling 6.8% yesterday. Is it the end of the world? Mercy, NO! Is it the
end of the world when T.J. Maxx runs a sale? My wife doesn't think so, and
that's what the market is offering you right now on silver and gold. I will
admit that yesterday's $77.10 drop might give anybody cause to reach for his
wastebasket and a short puke, but think about it. That's a 4.3% drop, 4 pennies
out of a dollar, and not many of y'all would stoop down to pick up four pennies.
At its lowest yesterday the GOLD PRICE hit $1,696. What does that mean? Well,
that support under $1,705 didn't give. Next, it closed yesterday at $1,709.90,
ABOVE the $1,705 crucial support. Today it bounced up to the next support level,
$1,725, and closed at at $1721.1 Now y'all think. Y'all were all happy as a fat
rat in the city dump while gold was rising from $1,523 to $1,787, so why get
riled when it drops back to $1,710? The up 5 steps, back one step is the normal
growth process. As long as GOLD holds about $1,696, it will not drop lower. Now
let's talk about that, because I say stuff like that all the time. What am I
leaving out? That if you buy here, you are risking that it WON'T hold $1,696.
But if you keep waiting until you are 100% certain gold is rising, you'll sit
there watching the whole bull market, and miss it. Besides, the risk you sit is
greater than the risk you run. If you don't buy silver or gold, you are
effectively buying US dollars or euros or yen. You really want to hold those?
SILVER gained nearly 3% today, 102.8c, which salved yesterday's 255.7c loss
(owch.) Looking at the chart, yesterday merely took silver down for a final kiss
good buy to its 300 day moving average. Today it bounce up above that 3482c
mark. Yesterday's fall satisfied a 38% correction. That could be enough. If
silver falls 50% of its foregoing rise, it would hit 3200c. Testifying against
much more falling is that downtrend line from the August high, which yesterday
nearly touched. Another final kiss good-bye? Long and short here is that
yesterday's fall was catalyzed by the Bernancubus remarks, but both metals were
due for a correction. The Bernancubus just helped us get it all done in one day.
Yesterday offered a perfect example how central banks destabilize markets. That
goof Bernanke mumbled around before congress and suggested he might not print
more money. When are folks going to learn this is all propaganda? Brakes! Gas!
Brakes! Gas! He's just driving the sheep into the direction he wants them to go.
In the end, I'll warrant y'all, he WILL inflate, because he hath no weapon
besides. The whole institutional set-up breathes and eats inflation, and without
it the system dies and apparatchiki like the redoubtable Mr. Bernanke become
supernumerary and worthless. This issue differs somewhat from the manipulation-
of-silver-and-gold issue. Do the Fed and the government manipulate silver and
gold, not to mention stocks? Of COURSE they do, but NEVER successfully over the
long term. Witness: their gold manipulations since 1996 have successfully kept
gold, then at $252, down to $1,721.10 today, only a 6.83-fold increase. However,
when a market is ready to correct, a little push further by the government (as
we saw yesterday) is liable to work a big, but short-lived and temporary,
effect. Anyhow, Bernanke's intervention no more caused the drop in silver and
gold than germs cause disease. A weakness in the immune system causes disease,
and the germs take advantage of it. That germ Bernanke saw silver and gold with
a weak immune system, and took advantage of it. Now that we have all that
straightened out, let's talk about pleasanter things, or at least, more
rational. Stocks keep on struggling along in the same trading range, burning up
buying power and getting all gussied up for a sizeable fall. Dow today gained a
magnificent 0.22 %, 28.23 points, to 12,980.30. S&P500 climbed 8.41, 0.62%, to
1,374.09. Stocks have no direction and they've traded out a fatal rising wedge
-- not a recipe for success and higher prices. But don't believe me -- what am
I, a natural born fool from Tennessee, next to the geniuses of Wall Street and
Washington? Why, I couldn't come up to Comrade Bernanke's shoe soles,
intellectually speaking. Physically, of course, I'm a head or so taller. I'd say
"better looking", too, but that's like shooting carp in a rain barrel -- with a
hand grenade. The dollar's 7/10% gain yesterday-- 54.1 basis points -- nailed a
tent stake into the euro's head. It dropped 1.14%, huge move for a currency.
Today it ended at 1.3316, down another 0.12%. Chart begs to say that the euro's
rally reached its 50% correction level and ran out of gas, and is about to begin
diving again. 20 day moving average stands nearby at 1.3245. If the euro tries
to cross that bridge, it will find no bridge, only a gulf. Yen fell, too,
yesterday, but only to prove a double bottom at 123c/Y100 (Y81.30/US$1). Rose
slightly today, 0.07%, to 123.28c (Y81.12). Wow. Trying to pick the best paper
currency is like trying to pick the World's Most Likeable Dictator. Tough
choice. Anyway, the scrofulous dollar gained 5.1 basis points today to close at
78.788. Dollar has escaped that gravity that was pulling it earthward and built
new support above 78.60. Whether it can pierce 79 is another question. Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May
not be republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
Today : 3561.10 Change : 102.8 cents or 2.97% Gold Silver Ratio Today : 48.331
Change : -1.113 or -2.25% Silver Gold Ratio Today : 0.02069 Change : 0.000466 or
2.30% Platinum Price Close Today : 1698.20 Change : 29.50 or 1.77% Palladium
Price Close Today : 713.10 Change : 9.00 or 1.28% S&P 500 : 1,374.09 Change :
8.41 or 0.62% Dow In GOLD$ : $155.30 Change : $ (0.66) or -0.42% Dow in GOLD oz
: 7.513 Change : -0.032 or -0.42% Dow in SILVER oz : 363.10 Change : -9.98 or
-2.67% Dow Industrial : 12,930.30 Change : 28.23 or 0.22% US Dollar Index :
78.79 Change : 0.051 or 0.06% All right, I know y'all are all curious about the
silver and GOLD PRICE . They bounced back today like a fine prizefighter. The
GOLD PRICE rose $11.20 to $1,721.10 and silver rose 3%, 102.8c, to 3561.1c,
after falling 6.8% yesterday. Is it the end of the world? Mercy, NO! Is it the
end of the world when T.J. Maxx runs a sale? My wife doesn't think so, and
that's what the market is offering you right now on silver and gold. I will
admit that yesterday's $77.10 drop might give anybody cause to reach for his
wastebasket and a short puke, but think about it. That's a 4.3% drop, 4 pennies
out of a dollar, and not many of y'all would stoop down to pick up four pennies.
At its lowest yesterday the GOLD PRICE hit $1,696. What does that mean? Well,
that support under $1,705 didn't give. Next, it closed yesterday at $1,709.90,
ABOVE the $1,705 crucial support. Today it bounced up to the next support level,
$1,725, and closed at at $1721.1 Now y'all think. Y'all were all happy as a fat
rat in the city dump while gold was rising from $1,523 to $1,787, so why get
riled when it drops back to $1,710? The up 5 steps, back one step is the normal
growth process. As long as GOLD holds about $1,696, it will not drop lower. Now
let's talk about that, because I say stuff like that all the time. What am I
leaving out? That if you buy here, you are risking that it WON'T hold $1,696.
But if you keep waiting until you are 100% certain gold is rising, you'll sit
there watching the whole bull market, and miss it. Besides, the risk you sit is
greater than the risk you run. If you don't buy silver or gold, you are
effectively buying US dollars or euros or yen. You really want to hold those?
SILVER gained nearly 3% today, 102.8c, which salved yesterday's 255.7c loss
(owch.) Looking at the chart, yesterday merely took silver down for a final kiss
good buy to its 300 day moving average. Today it bounce up above that 3482c
mark. Yesterday's fall satisfied a 38% correction. That could be enough. If
silver falls 50% of its foregoing rise, it would hit 3200c. Testifying against
much more falling is that downtrend line from the August high, which yesterday
nearly touched. Another final kiss good-bye? Long and short here is that
yesterday's fall was catalyzed by the Bernancubus remarks, but both metals were
due for a correction. The Bernancubus just helped us get it all done in one day.
Yesterday offered a perfect example how central banks destabilize markets. That
goof Bernanke mumbled around before congress and suggested he might not print
more money. When are folks going to learn this is all propaganda? Brakes! Gas!
Brakes! Gas! He's just driving the sheep into the direction he wants them to go.
In the end, I'll warrant y'all, he WILL inflate, because he hath no weapon
besides. The whole institutional set-up breathes and eats inflation, and without
it the system dies and apparatchiki like the redoubtable Mr. Bernanke become
supernumerary and worthless. This issue differs somewhat from the manipulation-
of-silver-and-gold issue. Do the Fed and the government manipulate silver and
gold, not to mention stocks? Of COURSE they do, but NEVER successfully over the
long term. Witness: their gold manipulations since 1996 have successfully kept
gold, then at $252, down to $1,721.10 today, only a 6.83-fold increase. However,
when a market is ready to correct, a little push further by the government (as
we saw yesterday) is liable to work a big, but short-lived and temporary,
effect. Anyhow, Bernanke's intervention no more caused the drop in silver and
gold than germs cause disease. A weakness in the immune system causes disease,
and the germs take advantage of it. That germ Bernanke saw silver and gold with
a weak immune system, and took advantage of it. Now that we have all that
straightened out, let's talk about pleasanter things, or at least, more
rational. Stocks keep on struggling along in the same trading range, burning up
buying power and getting all gussied up for a sizeable fall. Dow today gained a
magnificent 0.22 %, 28.23 points, to 12,980.30. S&P500 climbed 8.41, 0.62%, to
1,374.09. Stocks have no direction and they've traded out a fatal rising wedge
-- not a recipe for success and higher prices. But don't believe me -- what am
I, a natural born fool from Tennessee, next to the geniuses of Wall Street and
Washington? Why, I couldn't come up to Comrade Bernanke's shoe soles,
intellectually speaking. Physically, of course, I'm a head or so taller. I'd say
"better looking", too, but that's like shooting carp in a rain barrel -- with a
hand grenade. The dollar's 7/10% gain yesterday-- 54.1 basis points -- nailed a
tent stake into the euro's head. It dropped 1.14%, huge move for a currency.
Today it ended at 1.3316, down another 0.12%. Chart begs to say that the euro's
rally reached its 50% correction level and ran out of gas, and is about to begin
diving again. 20 day moving average stands nearby at 1.3245. If the euro tries
to cross that bridge, it will find no bridge, only a gulf. Yen fell, too,
yesterday, but only to prove a double bottom at 123c/Y100 (Y81.30/US$1). Rose
slightly today, 0.07%, to 123.28c (Y81.12). Wow. Trying to pick the best paper
currency is like trying to pick the World's Most Likeable Dictator. Tough
choice. Anyway, the scrofulous dollar gained 5.1 basis points today to close at
78.788. Dollar has escaped that gravity that was pulling it earthward and built
new support above 78.60. Whether it can pierce 79 is another question. Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May
not be republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
More violent weather ahead for Midwest, Southern towns hit by tornadoes - Chicago Sun-Times
ABC News More violent weather ahead for Midwest, Southern towns hit by
tornadoes Chicago Sun-Times AP March 1, 2012 4:40PM Mike Hatheway sits on a tree
uprooted by a deadly tornado as he talks on the phone at the remains of his
grandparents home in the Rinnie Community near Crossville, Tenn. Thursday, March
1, 2012. His grandmother Carolyn Jones was ... More violent weather ahead for
damaged communities USA TODAY State will prioritize tornado-related bills
Chicago Tribune After the storm, Branson faces repairs The Seattle Times Los
Angeles Times - BBC News - Press Herald all 4,559 news articles
tornadoes Chicago Sun-Times AP March 1, 2012 4:40PM Mike Hatheway sits on a tree
uprooted by a deadly tornado as he talks on the phone at the remains of his
grandparents home in the Rinnie Community near Crossville, Tenn. Thursday, March
1, 2012. His grandmother Carolyn Jones was ... More violent weather ahead for
damaged communities USA TODAY State will prioritize tornado-related bills
Chicago Tribune After the storm, Branson faces repairs The Seattle Times Los
Angeles Times - BBC News - Press Herald all 4,559 news articles
Precious Metals Bounce Back from Yesterday’s Plunge
Gold and silver futures rebounded modestly alongside the broader financial
markets following yesterdays large declines. COMEX gold for April delivery
settled higher by $10.90, or 0.6%, at $1,722.20 per ounce.
markets following yesterdays large declines. COMEX gold for April delivery
settled higher by $10.90, or 0.6%, at $1,722.20 per ounce.
Gold Miners Try To Dig Out Of Yesterday's Hole
Gold Miners Try To Dig Out Of Yesterdays Hole Forex Rate It! - 1 hour ago This
morning, all of the leading gold mining stocks are ticking higher. Yesterday,
gold, silver, and leading mining stocks were slammed sharply lower as the US
Dollar Index rallied.
morning, all of the leading gold mining stocks are ticking higher. Yesterday,
gold, silver, and leading mining stocks were slammed sharply lower as the US
Dollar Index rallied.
Monkee Davy Jones Paved Way For Heartthrobs Like Justin Bieber - MTV.com
Globe and Mail Monkee Davy Jones Paved Way For Heartthrobs Like Justin Bieber
MTV.com By Gil Kaufman There had been plenty of teen heartthrobs before: from
Elvis Presley, Frankie Avalon and Paul Anka in the 1950s to Ricky Nelson, the
Beatles and the Rolling Stones in the 1960s. But few of them worked the angles
like Davy Jones did. Davy Jones death shocks Monkees bandmates New York Daily
News Why we grieve teen idols: A tribute to Davy Jones CNN International Micky
Dolenz remembers Davy Jones, says Glee is closest thing to The ... Entertainment
Weekly msnbc.com - ABC News - Chicago Tribune all 3,247 news articles
MTV.com By Gil Kaufman There had been plenty of teen heartthrobs before: from
Elvis Presley, Frankie Avalon and Paul Anka in the 1950s to Ricky Nelson, the
Beatles and the Rolling Stones in the 1960s. But few of them worked the angles
like Davy Jones did. Davy Jones death shocks Monkees bandmates New York Daily
News Why we grieve teen idols: A tribute to Davy Jones CNN International Micky
Dolenz remembers Davy Jones, says Glee is closest thing to The ... Entertainment
Weekly msnbc.com - ABC News - Chicago Tribune all 3,247 news articles
Gold Price Rebounds, but Further “Correction” Ahead?
GOLD PRICE NEWS The gold price rose $15.43, or 0.9%, to $1,709.10 per ounce
Thursday morning following Wednesday's $92.00 plunge.
Thursday morning following Wednesday's $92.00 plunge.
Monkee Davy Jones Paved Way For Heartthrobs Like Justin Bieber - MTV.com
Globe and Mail Monkee Davy Jones Paved Way For Heartthrobs Like Justin Bieber
MTV.com By Gil Kaufman There had been plenty of teen heartthrobs before: from
Elvis Presley, Frankie Avalon and Paul Anka in the 1950s to Ricky Nelson, the
Beatles and the Rolling Stones in the 1960s. But few of them worked the angles
like Davy Jones did. Davy Jones death shocks Monkees bandmates New York Daily
News Why we grieve teen idols: A tribute to Davy Jones CNN International Micky
Dolenz remembers Davy Jones, says Glee is closest thing to The ... Entertainment
Weekly msnbc.com - ABC News - Chicago Tribune all 3,247 news articles
MTV.com By Gil Kaufman There had been plenty of teen heartthrobs before: from
Elvis Presley, Frankie Avalon and Paul Anka in the 1950s to Ricky Nelson, the
Beatles and the Rolling Stones in the 1960s. But few of them worked the angles
like Davy Jones did. Davy Jones death shocks Monkees bandmates New York Daily
News Why we grieve teen idols: A tribute to Davy Jones CNN International Micky
Dolenz remembers Davy Jones, says Glee is closest thing to The ... Entertainment
Weekly msnbc.com - ABC News - Chicago Tribune all 3,247 news articles
Markets resilient despite European economic woes - The Associated Press
Telegraph.co.uk Markets resilient despite European economic woes The Associated
Press LONDON (AP) — Markets recovered Thursday as a weaker-than-anticipated US
manufacturing survey eased concerns that the US Federal Reserve would abandon
its super-loose monetary policy sooner than expected. News that the
restructuring of Greeces ... Bernanke Faces Lawmakers Again Wall Street Journal
Bernanke starts second day of testimony on policy MarketWatch Bernanke Quells
Talk of Fresh Fed Stimulus for Jobless Rate San Francisco Chronicle CNNMoney -
Washington Post - NASDAQ all 1,583 news articles
Press LONDON (AP) — Markets recovered Thursday as a weaker-than-anticipated US
manufacturing survey eased concerns that the US Federal Reserve would abandon
its super-loose monetary policy sooner than expected. News that the
restructuring of Greeces ... Bernanke Faces Lawmakers Again Wall Street Journal
Bernanke starts second day of testimony on policy MarketWatch Bernanke Quells
Talk of Fresh Fed Stimulus for Jobless Rate San Francisco Chronicle CNNMoney -
Washington Post - NASDAQ all 1,583 news articles
Aurizon Advances Marban Toward Updated Resource Estimate
Aurizon Mines (ARZ.TSX, AMEX: AZK) announced initial drill results from the
second phase program at the Marban property, located in the Malartic gold camp,
Abitibi region of Quebec.
second phase program at the Marban property, located in the Malartic gold camp,
Abitibi region of Quebec.
Microsoft Corporation Signs Tourism Deal
Microsoft Corporation (NASDAQ:MSFT) has inked a strategic partnership with the
UNWTO. Microsoft Corporation Signs Tourism Deal Microsoft Corporation
(NASDAQ:MSFT) announced that it has become a strategic partner of the World
Tourism Organization (UNWTO). The software giant signed an agreement with UNWTO,
which is aimed at bringing the benefits of the most advanced technologies to the
UNWTO. Microsoft Corporation Signs Tourism Deal Microsoft Corporation
(NASDAQ:MSFT) announced that it has become a strategic partner of the World
Tourism Organization (UNWTO). The software giant signed an agreement with UNWTO,
which is aimed at bringing the benefits of the most advanced technologies to the
Klondex Expands Gold Mineralization at Fire Creek
Klondex Mines (KDX.TSX) announced initial assay results from its ongoing
underground core drilling program at its 100%-owned Fire Creek gold-silver
project in Lander County, Nevada.
underground core drilling program at its 100%-owned Fire Creek gold-silver
project in Lander County, Nevada.
Gold Stocks (GDX) Climb, Narrow Gap with the Yellow Metal
GOLD STOCKS NEWS – Gold stocks bounced back from yesterday's sell-off as
the Market Vectors Gold Miners ETF (GDX) climbed $0.61, or 1.1%, to $56.01 per
share in morning trading.
the Market Vectors Gold Miners ETF (GDX) climbed $0.61, or 1.1%, to $56.01 per
share in morning trading.
How to win exploration licenses in Saudi Arabia
It is a fact that Saudi Arabia has enormous potential for base metal and gold
mining projects. The exploration of the nation's prospectivity as well as
winning the licenses is key to mining companies wanting to do business here.
These topics will be discussed at the 5th Annual MENA Mining Show 2012 . Here is
an insight into Saudi Arabia's key mining goals and how to win exploration
licenses. If you missed the presentation don't worry as you can hear the
latest updates and revelations from the Saudi Geological Survey at this year's
MENA Mining Show . For more information contact sally.fleming@terrapinn.com
mining projects. The exploration of the nation's prospectivity as well as
winning the licenses is key to mining companies wanting to do business here.
These topics will be discussed at the 5th Annual MENA Mining Show 2012 . Here is
an insight into Saudi Arabia's key mining goals and how to win exploration
licenses. If you missed the presentation don't worry as you can hear the
latest updates and revelations from the Saudi Geological Survey at this year's
MENA Mining Show . For more information contact sally.fleming@terrapinn.com
Gold Price Per Ounce Todays Spot gold price per gram; Silver price per ounce Spot silver price per ounce; Gold Silver Rates Today
Gold Price Trend-line News Market Review Today: The primary stock indices in
the U.S. dropped lower during the last full trading session. The dollar gained
strength versus a basket of other currencies and the price of gold per ounce
fell lower. Bernanke relayed that the economic recovery in the U.S. was mediocre
and did not post remarks that reinforced the idea of additional federal stimulus
in the near term. The lack of support for future QE3 pushed the strength of the
dollar higher in the global economic environment and as a result, gold value
responded inversely. Precious metals in general experienced weak trends during
the last trading session. Gold Price per ounce contract close today and Silver
price per ounce contract close review today: April contract gold finished the
last trading session in the red by 4.31 percent and posted a floor price close
at 1,711.30 per troy ounce. March contract silver finished the last session
lower by 6.88 percent and posted a floor price close at 34.58 per troy ounce.
Spot gold price per gram and spot silver price per ounce trend review today:
Spot gold price per gram and spot silver price per ounce trends were posting in
the green prior to opening bell this morning. Spot gold per gram posted at 55.15
and spot silver per ounce was posting at 34.72 at that point in the day. Camillo
Zucari
the U.S. dropped lower during the last full trading session. The dollar gained
strength versus a basket of other currencies and the price of gold per ounce
fell lower. Bernanke relayed that the economic recovery in the U.S. was mediocre
and did not post remarks that reinforced the idea of additional federal stimulus
in the near term. The lack of support for future QE3 pushed the strength of the
dollar higher in the global economic environment and as a result, gold value
responded inversely. Precious metals in general experienced weak trends during
the last trading session. Gold Price per ounce contract close today and Silver
price per ounce contract close review today: April contract gold finished the
last trading session in the red by 4.31 percent and posted a floor price close
at 1,711.30 per troy ounce. March contract silver finished the last session
lower by 6.88 percent and posted a floor price close at 34.58 per troy ounce.
Spot gold price per gram and spot silver price per ounce trend review today:
Spot gold price per gram and spot silver price per ounce trends were posting in
the green prior to opening bell this morning. Spot gold per gram posted at 55.15
and spot silver per ounce was posting at 34.72 at that point in the day. Camillo
Zucari
12 Tax Scams to Avoid in 2012
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace From the obvious to the not-so-obvious, whether they’re your call or your tax preparer’s, these schemes will come back to bite you, so stay away!
Google Alert - antiques coin
| ||
| The Roadshow comes to North Vancouver - 5 Days Only ! The Province They will be appraising and buying everything from gold and silver jewellery and coins to antiques and collectibles. Now is the time to search through those old boxes containing the silverware you no longer want to polish, the jewellery you do not wear ... See all stories on this topic » |
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Silver and Gold Plummeted on Wednesday –Recap February 29
Gold and silver prices changed direction and plummeted yesterday following
Bernankes testimony; Crude oil also changed direction and ended yesterdays
trading in the green; natural gas prices also sharply rose on Wednesday. The
Euro sharply depreciated against the US Dollar; the same goes for some other
currencies (e.g. Australian dollar). Here is a summary of the developments of
precious metals and energy commodities for February 29th, 2012: Precious Metals:
Gold price plummeted on Wednesday by 4.31% to $1,711.3; Silver price sharply
fell by 6.89% and reached $34.64. During February, gold decreased by 1.7% and
silver rose by 4.15%.
Bernankes testimony; Crude oil also changed direction and ended yesterdays
trading in the green; natural gas prices also sharply rose on Wednesday. The
Euro sharply depreciated against the US Dollar; the same goes for some other
currencies (e.g. Australian dollar). Here is a summary of the developments of
precious metals and energy commodities for February 29th, 2012: Precious Metals:
Gold price plummeted on Wednesday by 4.31% to $1,711.3; Silver price sharply
fell by 6.89% and reached $34.64. During February, gold decreased by 1.7% and
silver rose by 4.15%.
Google Inc. Files Fiber Edging Device Patent
Google Inc. (NASDAQ:GOOG) has filed a patent application for an optic fiber
edging device. Google Inc. Files Fiber Edging Device Patent It has been reported
that Google Inc. (NASDAQ:GOOG) has filed a patent application for a new device
that could reduce digging for cables. The company needs to save time and cost as
it is
edging device. Google Inc. Files Fiber Edging Device Patent It has been reported
that Google Inc. (NASDAQ:GOOG) has filed a patent application for a new device
that could reduce digging for cables. The company needs to save time and cost as
it is
DJIA Yahoo Finance APPL Stock; Dow Jones Industrial Average Index DJI; Stock Market Investing News Today
Stock Market Overview Today: The primary indices in the U.S. were posting in
the red halfway through the last trading session and by days end, all three
remained in the red across the board. Indices fell lower due, in part, to the
less than stellar jobs picture painted by the Federal Reserve Chairman, Ben
Bernanke. Index Close review for the Dow Jones Industrial Average, Nasdaq, and
S&P 500: The Dow Jones Industrial Average finished lower by .41 percent and
closed the day at 12,952.07. The Nasdaq finished the last session lower by .67
percent and closed at 2,966.89. The S&P 500 finished the last session lower by
.47 percent and closed at 1,365.68. Economic Report News Trends Today: Bernanke
said that household income trends were flat. The Feds reported that the economy
is predicted to grow at a rate of about 2.45 percent this year which is about
commensurate with growth during the second half of the last calendar year.
Despite the negative close last session. February ended as a winner overall for
the primary stock index composites in the U.S. Apple Shares Move Higher once
again: Apple APPL is worth more than $500 billion. The companys value is posting
at record levels. It is the worlds most valuable at this point. According to
Yahoo finance, Apple finished the trading day higher by 1.41 percent and closed
with a floor share price at 542.44. Frank Matto
the red halfway through the last trading session and by days end, all three
remained in the red across the board. Indices fell lower due, in part, to the
less than stellar jobs picture painted by the Federal Reserve Chairman, Ben
Bernanke. Index Close review for the Dow Jones Industrial Average, Nasdaq, and
S&P 500: The Dow Jones Industrial Average finished lower by .41 percent and
closed the day at 12,952.07. The Nasdaq finished the last session lower by .67
percent and closed at 2,966.89. The S&P 500 finished the last session lower by
.47 percent and closed at 1,365.68. Economic Report News Trends Today: Bernanke
said that household income trends were flat. The Feds reported that the economy
is predicted to grow at a rate of about 2.45 percent this year which is about
commensurate with growth during the second half of the last calendar year.
Despite the negative close last session. February ended as a winner overall for
the primary stock index composites in the U.S. Apple Shares Move Higher once
again: Apple APPL is worth more than $500 billion. The companys value is posting
at record levels. It is the worlds most valuable at this point. According to
Yahoo finance, Apple finished the trading day higher by 1.41 percent and closed
with a floor share price at 542.44. Frank Matto
Gold & Silver Prices – Daily Outlook 01.03.2012
Gold and silver prices changed direction and plummeted yesterday: silver, even
more than gold, declined by 6.89%. The last time gold and silver declined so
sharply and promptly was back on December 14th when the FOMC disappointed
bullion traders as there were no announcements of QE3. This time was very
similar and Bernankes testimony disappointed traders. Furthermore, ECB announced
yesterday the bank will allot €529.5 billion to LTRO – this was higher than
expected and may have also affected Euro/USD. Finally, the US GDP 2011 Q4 growth
rate reached 3% according the recent update. This news may have also pushed up
US dollar against other currencies and lowered the chances of another QE3.
more than gold, declined by 6.89%. The last time gold and silver declined so
sharply and promptly was back on December 14th when the FOMC disappointed
bullion traders as there were no announcements of QE3. This time was very
similar and Bernankes testimony disappointed traders. Furthermore, ECB announced
yesterday the bank will allot €529.5 billion to LTRO – this was higher than
expected and may have also affected Euro/USD. Finally, the US GDP 2011 Q4 growth
rate reached 3% according the recent update. This news may have also pushed up
US dollar against other currencies and lowered the chances of another QE3.
Gold, Silver Down Sharply Early Wednesday
Gold and silver prices were taking heavy losses Wednesday morning, and mining
stocks were headed right along with them.
stocks were headed right along with them.
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